Examining The Figures Claimed

With the spring budget looming and questions over whether fiscal targets can be met, Garth Gascoigne, Chartered Accountant and Treasurer of Chiswick Against the Third Runway, asks if the risks outweigh the benefits for the taxpayer?

Garth Gascoigne -The report published by the Airports Commission in July 2015 suggested that the benefits of a third runway at Heathrow could be “up to £147 billion” (for the UK as a whole spread over sixty years). On closer inspection the report goes on to state that the present net benefit (the overall benefit valued in today’s money), after taking account of the related costs, was a much more modest figure of £11.8 billion (Table 7.1 Page 147). The equivalent figure for Gatwick was £10.8 billion.

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